Press Releases

Singapore,
July 14, 2005

Deutsche Bank strenghens Trade Distribution Team

Deutsche Bank today announced the appointment of I-Mei Chan as Regional Head of Trade Distribution, Asia-Pacific, based in Singapore.

Chan will work closely with Global Transaction Banking's Trade Finance origination and structuring teams in Asia Pacific, as well as further developing the lacement of non-Asian risk originating from the global Trade Finance platform. She will report to Guy Brooks, the Londonbased Head of Trade Distribution in Global Transaction Banking.

Chan has a wealth of experience in the Asian distribution markets, having worked in similar positions at OCBC, OUB, Standard Bank and most recently in Asian debt markets at RZB - Austria in Singapore, where she was responsible for the distribution of all primary and secondary loans and trade assets for South-East Asia and the Indian sub-continent.

Commenting on the appointment, Guy Brooks said: "The Asia Pacific market is an important growth area in our business. I-Mei's appointment and first class experience will further strengthen our global trade distribution franchise and delivery."

"This appointment is a further testimony of our continued focus on excellence in Trade Distribution which brought Deutsche Bank, for the second year running, the accolade of Best Forfaiting Institution in the 2005 Awards for Excellence readership poll conducted by Euromoney's Trade Finance Magazine," said Klaus Michalak, Global Head of Structured Trade and Export Finance.

For further information, please call:

Press & Media Relations Terence Ng (+65) 6423 8217

About Deutsche Bank

With Euro 901 billion in assets and 64,500 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

In Asia Pacific, Deutsche Bank has over 45 offices in 17 markets with more than 6,500 staff. www.db.com